Capital One to give one-off cost-of-living payment to staff

Trent House, Capital One's Nottingham office

Nottingham-based Capital One UK is set to give a one-off payment to staff who are most impacted by the cost-of-living crisis.

The credit provider is giving up to £1,500 to people earning £30,000 or less. The amount received will be dependent on the individual’s salary, with a “sizeable majority” receiving the full £1,500 amount.

For associates earning closer to the £30,000 salary cap, the payment will scale at two intervals, to £1,000 and then £750. The payment will be made in October payroll to all eligible employees.

Lucy Hagues, CEO of Capital One UK, “Capital One UK is dedicated to doing the right thing for our customers, our communities and our colleagues.

“Many people are currently experiencing cost of living challenges. Rising costs affect everyone, including our staff, and of course those who earn less see more of their income taken up with the price of everyday essentials, like energy and food.

“We are providing this one-off payment, in addition to the many other benefits we provide as an employer, because it is the right thing to do.”

Capital One employs more than 1,500 people at offices in Nottingham and London.

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